Archive for: Ben Traynor

Futures Market Retreat Good for Gold in the Long Term, Spain Hit by Political Crisis

Futures Market Retreat Good for Gold in the Long Term, Spain Hit by Political Crisis

WHOLESALE MARKET gold prices hovered just below $1665 per ounce Monday morning in London, having failed to hold onto gains in earlier Asian trading, as stocks and commodities also ticked lower along with the Euro, which retreated from recent... read more »

 

Gold Holding Steady as Chinese Demand Slows, Stronger Rupee

Gold Holding Steady as Chinese Demand Slows, Stronger Rupee

GOLD continued to hover near one-month highs above $1690 an ounce Wednesday morning, where it has spent most of this week, with dealers in India and China citing a slowdown in physical bullion demand. Silver climbed above $32.30 an ounce, a... read more »

 

Gold Cycle Could Turn This Year Says Goldman, Washington Politicians Will Keep Markets Nervous

Gold Cycle Could Turn This Year Says Goldman, Washington Politicians Will Keep Markets Nervous

THE DOLLAR gold price eased back below $1680 an ounce Wednesday morning, though it remained well within its trading range for the past month, while stock markets extended their losses for this week and US Treasuries gained. Silver hovered... read more »

 

Gold and Silver Gain Along with Stocks in Chaotic and Unsatisfactory Fiscal Deal

Gold and Silver Gain Along with Stocks in Chaotic and Unsatisfactory Fiscal Deal

SPOT MARKET gold prices started the year by touching a two-week high above $1680 per ounce Wednesday morning, as European stock markets also gained following news of a deal in Washington to avoid the so-called fiscal cliff. Gold in Euros and... read more »

 

Massive, Open-Ended Stimulus Expected from Fed

Massive, Open-Ended Stimulus Expected from Fed

THE WHOLESALE gold price rose to $1712 an ounce Tuesday morning in London, a few Dollars above where they started the week, while stocks edged higher and US Treasury bonds fell ahead of tomorrow’s Federal Reserve policy decision. All-but-one... read more »

 

Momentum in Gold Unlikely to Come Back Until New Year

Momentum in Gold Unlikely to Come Back Until New Year

FIRDAY morning saw the gold price drop below $1700 an ounce again, while stock markets, commodities and the Euro all fell ahead of the final US nonfarm payrolls release of 2012. Accrding to several sources the consensus forecast among analysts... read more »

 

Euro Holding Gains Despite France Downgrade, Indian Banks Banned from Lending for Gold Purchases

Euro Holding Gains Despite France Downgrade, Indian Banks Banned from Lending for Gold Purchases

SPOT MARKET prices for buying gold traded above $1730 an ounce throughout Tuesday morning in London, up 1% for the week so far, while the Euro also held onto gains made yesterday despite news that a second ratings agency this year has downgraded... read more »

 

Importers of Gold Digesting Higher Prices

Importers of Gold Digesting Higher Prices

SPOT MARKET gold prices hovered just below $1738 an ounce Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the Euro traded near two-month lows against the Dollar, as the US and Greece both... read more »

 

Gold Above Long-Term Uptrend and Any US Election Reaction Likely to be Short-Lived

Gold  Above Long-Term Uptrend and Any US Election Reaction Likely to be Short-Lived

SPOT MARKET gold bullion prices rallied above $1680 an ounce Monday morning in London, having earlier fallen to a nine-week low, while stock markets edged lower and US Treasury bonds gained, with one day to go before the US presidential election. The... read more »

 

Institutions Losing Enthusiasm for Gold

Institutions Losing Enthusiasm for Gold

SPOT MARKET gold bullion prices fell towards $1740 per ounce Thursday lunchtime in London, 0.8% down on the week so far, while most European stock indexes also ticked lower ahead of today’s European leaders’ summit in Brussels. “While... read more »

 

Bullion Prices Should Break Higher After Consolidation Period

Bullion Prices Should Break Higher After Consolidation Period

SPOT MARKET gold bullion prices traded around $1765 an ounce Tuesday morning in London, 1.8% off last Friday’s seven-month high. “It looks to me like we’ve got a short period of consolidation,” says Standard Chartered... read more »

 

Central Bank Policy Hugely Bullish for Commodities

Central Bank Policy Hugely Bullish for Commodities

THE WHOLESALE cost of buying gold dipped below $1770 an ounce during Monday morning trading in London, but remained less than ten Dollars below their six-month high hit last Friday, the day after the US Federal Reserve announced a third round... read more »

 

QE3 Could Push Gold Over $1800, But Disappointment Factor Seen as High

QE3 Could Push Gold Over $1800, But Disappointment Factor Seen as High

WHOLESALE MARKET gold prices traded around $1730 an ounce Thursday morning in London, a few Dollars below where they started the week, while stock markets ticked lower ahead of today’s policy announcement by the US Federal Reserve. Silver... read more »

 

Gold & Silver Slip But Set to Benefit If Fed Begins QE3

Gold & Silver Slip But Set to Benefit If Fed Begins QE3

THE WHOLESALE gold price drifted lower to $1730 per ounce Monday morning in London, some ten Dollars below Friday’s six-month high. Stock markets were broadly flat and US Treasuries fell, meantime. The silver price dipped below $33.50... read more »

 

Bernanke Disappointment Could See Gold Correct

Bernanke Disappointment Could See Gold Correct

WHOLESALE gold prices dipped below $1665 an ounce during Wednesday morning’s London trading, slightly below where they started the week, while stock markets also edged lower, with markets focused on upcoming meetings of central bankers... read more »

 
 
 
 
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